International Paper Pensacola Mill Incident

MEMPHIS, Tenn., Jan. 23, 2017 -- On the evening of Jan. 22, International Paper Company (NYSE: IP) experienced significant structural damage to the largest pulp digester as well as the power house at its Pensacola pulp and paper mill in Cantonment, Fla. No one at the mill was injured.

Response teams are working with local, state and federal agencies to provide information for those impacted. The incident released a mixture of wood fiber, water and pulping liquor into the surrounding community. We have engaged contractors to develop and implement plans to clean up and dispose of the discharged material as quickly as possible. We are providing all necessary support and resources to our local community and residents as we work through the clean-up.

Our primary focus is on ensuring the health and safety of our employees, contractors and neighbors and on the clean-up of the affected areas and property.

Currently, the mill is not operating. We are assessing the extent of the damage to the mill, evaluating supply options and will be working closely with our customers to meet their needs.

International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.

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